v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
Casino_Property
$ / shares
shares
Jun. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2025
USD ($)
Casino_Property
$ / shares
shares
Jun. 30, 2024
USD ($)
$ / shares
shares
Operating revenues:        
Net revenues $ 526,273 $ 486,403 $ 1,024,134 $ 975,300
Operating costs and expenses:        
Selling, general and administrative 112,031 111,318 216,742 216,123
Depreciation and amortization 47,988 46,703 96,319 91,576
Write-downs and other, net 4,010 2,193 8,070 4,334
Operating expenses 358,245 346,169 701,753 679,542
Operating income 168,028 140,234 322,381 295,758
Earnings from joint ventures 610 721 1,322 1,444
Operating income and earnings from joint ventures 168,638 140,955 323,703 297,202
Other expense:        
Interest expense, net 50,632 57,434 101,742 114,635
Loss on extinguishment/modification of debt 0 0 0 (14,402)
Change in fair value of derivative instruments (2,305) (1,923) (7,499) (1,923)
Gain on Native American Development 8,476 0 8,476 0
Total other expense (44,461) (59,357) (100,765) (130,960)
Income before income tax 124,177 81,598 222,938 166,242
Provision for income tax (15,924) (11,788) (28,735) (18,061)
Net income 108,253 69,810 194,203 148,181
Less: net income attributable to noncontrolling interests 51,849 34,134 93,050 69,670
Net income attributable to Red Rock Resorts, Inc. $ 56,404 $ 35,676 $ 101,153 $ 78,511
Earnings per common share (Note 11):        
Earnings (loss) per share of Class A common stock, basic (in dollars per share) | $ / shares $ 0.96 $ 0.60 $ 1.71 $ 1.33
Earnings (loss) per share of Class A common stock, diluted (in dollars per share) | $ / shares $ 0.95 $ 0.59 $ 1.69 $ 1.29
Weighted-average common shares outstanding:        
Basic (in shares) | shares 58,960 59,069 59,081 58,935
Diluted (in shares) | shares 102,730 60,748 103,060 103,720
Major Hotel Casino Properties | Wholly Owned Properties        
Weighted-average common shares outstanding:        
Number of casino properties | Casino_Property 7   7  
Casino        
Operating revenues:        
Net revenues $ 344,796 $ 319,629 $ 678,041 $ 636,483
Operating costs and expenses:        
Operating costs and expenses 93,862 87,853 183,275 172,822
Food and beverage        
Operating revenues:        
Net revenues 94,374 91,718 183,646 184,996
Operating costs and expenses:        
Operating costs and expenses 75,894 74,267 149,655 147,714
Room        
Operating revenues:        
Net revenues 51,187 50,142 101,357 103,030
Operating costs and expenses:        
Operating costs and expenses 15,941 16,075 31,930 31,946
Other        
Operating revenues:        
Net revenues 25,908 24,914 51,082 50,791
Operating costs and expenses:        
Operating costs and expenses 8,519 7,760 15,762 15,027
Management Service [Member]        
Operating revenues:        
Net revenues $ 10,008 $ 0 $ 10,008 $ 0